Nominal Exports of Goods and Services for Russia
Annual
NXXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,085,744.00
Year-over-Year Change
140.58%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual series measures the annual rate of change in U.S. consumer spending. It is a key economic indicator used by policymakers and analysts to assess household consumption patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual series tracks the year-over-year percent change in personal consumption expenditures, which account for over two-thirds of U.S. GDP. This metric provides insight into consumer demand and inflationary pressures in the economy.
Methodology
The data is calculated from the U.S. Bureau of Economic Analysis's personal consumption expenditures estimates.
Historical Context
The Annual series is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Consumer spending makes up over two-thirds of U.S. GDP.
- The Annual series reached a high of 8.1% in 2021.
- Annual consumer spending growth averaged 3.9% from 2000-2019.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the year-over-year percent change in U.S. personal consumption expenditures, a key indicator of consumer demand and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into household spending patterns, which are a critical driver of overall economic growth. It is closely monitored by policymakers and markets.
Q: How is this data collected or calculated?
A: The data is calculated from personal consumption expenditures estimates published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Annual series is a key input for the Federal Reserve and other policymakers when making decisions about monetary and fiscal policies to support economic stability and growth.
Q: Are there update delays or limitations?
A: The Annual series is published quarterly with a lag of approximately one month following the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (NXXDCRUA), retrieved from FRED.